United States Solar Energy News

Recent industry report about United States Solar Energy company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ United States Solar Energy Market industry experts.

United States Solar Energy News

  • April 2023: Atlas Renewable Energy and Albras signed a solar power purchase agreement (PPA). Atlas will deliver solar-generated power to Albras for the next 21 years under the contract terms. The 902 MW Vista Alegre Photovoltaic Project will supply solar energy. The factory in Minas Gerais in Southeastern Brazil will begin operations in 2025.
  • April 2023: Masdar increased its foothold in the United States by acquiring a 50% stake in a combined solar and battery storage project from EDF Renewables North America. The Big Beau project in California comprises a 128MW solar facility plus a 40MW battery energy storage system. It is one of eight projects with a total capacity of 1.6 GW in which Masdar and EDF Renewables have agreed to collaborate.
  • March 2023: Duke Energy Sustainable Solutions (DESS), a Duke Energy nonregulated commercial brand, is operating its largest solar power plant, a megawatt (MW) Pisgah Ridge Solar facility in Navarro County, Texas. Over the next 15 years, Charles River Laboratories International Inc. has a virtual power purchase agreement (VPPA) for 102 MW of the project.
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  • October 2022: Orsted, a Danish energy company, announced its intentions to develop four new offshore wind farms, aiming to increase the country's wind power production twofold. This strategic move is part of Denmark's efforts to reduce its reliance on Russian gas and oil. Orsted partnered with investment fund Copenhagen Infrastructure Partners (CIP) to collaborate on developing approximately 5.2 GW of offshore wind capacity across four projects in Denmark, as stated in their official statement.
  • June 2022: Denmark and Germany agreed to jointly finalize the development of the anticipated Bornholm Energy Island. Once completed by 2030, this groundbreaking project will become the world's first of its kind and provide green electricity to approximately 3.3 - 4.5 million households in Denmark and Germany. Moreover, this agreement enabled Denmark to expand the original planned capacity of the energy island from 2 to 3 gigawatts (GW). It further emphasizes the significant role it will play in supporting renewable energy generation.
  • October 2022: Brazil announced the awarding of renewable power supply contracts to around 557.5 MW of combined capacity projects in the tender. The contracts signed represent around USD 570 million in future investment. The tender purchased energy from solar, wind, hydro, and biomass sources.
  • May 2022: GE Renewable Energy’s Hydro and Grid Solutions segment announced jointly signing a deal to upgrade the Itaipu hydropower plant in Brazil and Paraguay. The power plant has a 14 GW capacity. This project is considered the largest technological upgrade of the hydropower plant in 40 years. The upgrade includes the systems and equipment of all 20 energy-generating units, along with the improvement of the plant’s measurement, control, regulation, monitoring, and protection systems.
  • February 2023: the Crown State in the United Kingdom signed agreements to lease six offshore wind energy projects. These projects are likely to start generating electricity by the end of the decade, and these projects have the potential to generate 8 GW of renewable energy sufficient to power more than seven million households.
  • March 2022: Shell announced a plan to invest around USD 33 billion n the United Kingdom energy system in the next ten years. Around 75 % of total investment was expected in renewable energy projects, including offshore wind, hydrogen, and electric mobility.
  • January 2022: SSE announced details of its first solar project that delivered 30 MW of clean energy as part of its ambitious USD 16 billion investment program to power change toward net zero. The 30-MW solar farm at Littleton Pastures is located near Evesham, Worcestershire, England. Once completed in late 2023, the 77-acre site can power about 9,400 homes.
  • In March 2023, North Carolina regulators issued an order to strengthen the state’s rooftop solar market by approving a three-year glide path for solar customers to transition from monthly credits to a more dynamic time-of-use rate structure that incentivizes the use of solar when it is most valuable.
  • In June 2022, New Delhi-based Ornate Solar commissioned India’s largest building-integrated rooftop solar system in Bhagru, Rajasthan. The 530 kWp InRoof system will help Canada-based natural stone manufacturer Pangaea Natural Stone to meet its net-zero goals by offsetting 18,346 metric tons of CO2 emissions.
  • February 2023: Virginia Transformer completed the inauguration of its fifth transformer manufacturing facility in Mexico. The new facility was expected to reduce the time consumed in manufacturing transformers. The plant is located on an area of approximately 300,000 square feet and has a substantial area for further expansions in the future.
  • October 2022: Hitachi Energy announced its plan to invest approximately USD 37 million in its power transformer factory located in South Boston, United States. The investments are aimed at increasing the factory size to support the growing utility and renewable energy sectors in the region.
  • January 2023: CG Power and Industrial Solutions Limited announced it would invest USD 15 million to expand the manufacturing capacity of its power transformers and distribution transformer units.
  • October 2022: Hitachi Energy India secured a contract from NTPC renewable energy to supply power transformers for a 4.75 GW renewable energy park in Gujarat.

  • February 2023: China announced that it had started work on the world's biggest ultrahigh-voltage energy transmission project, which will connect Southwest China's Sichuan Province and the Xizang Autonomous Region to Central China's Hubei Province. The transmission project will carry around 40 billion KW hours of electricity, including hydroelectricity from the Jinsha River's upper stream, comparable to one-sixth of Hubei Province's annual power demand.
  • January 2023: China Three Gorges (CTG) announced the commencement of construction for the 16 GW solar, wind, and coal project. The company added that the installation would eventually include 8 GW of solar power capacity, 4 GW of wind power, and 4 GW of coal-fired generation, in addition to energy storage.
  • March 2022: GE Gas Power and Harbin Electric reported that Chinese state-owned power provider Shenzhen Energy Group Corporation Co. had ordered equipment for its Guangming combined cycle power plant in Guangdong province's Shenzhen Guangming district. Three GE 9HA.01 gas turbines will be installed in a new 2-GW natural gas-fired power plant in China to support the retirement of a large regional coal-fired complex.
  • December 2022: Phase 2 of the grid-connected rooftop solar scheme was commenced by Bangalore Electricity Supply Company Limited (BESCOM), which was expected to focus on the installation of solar panels. BESCOM was given a mandate to install 10 MW of capacity by the Union Ministry of New and Renewable Energy (MNRE) to promote distributed energy generation.
  • November 2022: Michigan's distributed generation program rose by 37% and added 3,709 customers, taking the total to 14,262 customers with 14,446 distributed generation installations. The program enabled the customers to produce their own electricity, mostly through solar projects, so that they could lower their household electricity bills.
  • May 2022: Hitachi Energy and Arteche Group announced a new joint venture company under the name of Arteche Hitachi Energy Instrument Transformers S.L. in Spain. Arteche Hitachi Energy Instrument Transformers S.L. brings together the expertise of both the companies that have a track record in technology and manufacturing excellence in instrument transformers.
  • May 2022: KLOVERTEL Private Limited an Indian based solutions provider in power sector and PFIFFNER Instrument Transformers Ltd., Switzerland, completed the supply of 500 kV DC Voltage Divider at the Ballia HVDC substation of Power Grid Corporation India Limited. The system completed all prequalification test requirements according to IEC 61869-15 with additional requirements for nominal DC voltage up to 500 kV.
  • February 2023: GE Gas Power, an American energy company, revealed plans to invest in power assets that will add nearly 500 megawatts (MW) to Nigeria's national electricity grid by the second quarter of 2023. The 240 MW Afam III power plant in Port Harcourt, the 50 MW Maiduguri project with the Nigerian National Petroleum Company Limited (NNPC), and another 50 MW project for the Dangote Group to serve its cement and refinery plants are among them, according to the company.
  • December 2022: The Federal Government of Nigeria announced that 11 hydropower projects with a total capacity of 3,750 MW of electricity had been initiated and that work was currently ongoing at the various project sites.